Miracle Mile Advisors LLC Has $286,000 Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Miracle Mile Advisors LLC boosted its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 4.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,289 shares of the company’s stock after buying an additional 479 shares during the period. Miracle Mile Advisors LLC’s holdings in Blue Owl Capital were worth $286,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of Blue Owl Capital by 17.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock worth $174,829,000 after acquiring an additional 1,372,865 shares during the period. Stone Point Capital LLC bought a new stake in Blue Owl Capital during the second quarter worth $112,749,000. Westfield Capital Management Co. LP boosted its holdings in shares of Blue Owl Capital by 4.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company’s stock valued at $130,415,000 after purchasing an additional 293,221 shares in the last quarter. Barclays PLC increased its stake in shares of Blue Owl Capital by 13.7% in the 3rd quarter. Barclays PLC now owns 1,571,806 shares of the company’s stock valued at $30,430,000 after purchasing an additional 189,082 shares during the last quarter. Finally, Raymond James & Associates raised its holdings in shares of Blue Owl Capital by 41.8% during the 3rd quarter. Raymond James & Associates now owns 308,465 shares of the company’s stock worth $5,972,000 after buying an additional 90,998 shares in the last quarter. 35.85% of the stock is owned by institutional investors.

Blue Owl Capital Stock Up 2.4 %

NYSE OWL opened at $23.46 on Friday. The company has a market capitalization of $35.03 billion, a price-to-earnings ratio of 137.98, a PEG ratio of 1.29 and a beta of 1.14. Blue Owl Capital Inc. has a twelve month low of $14.85 and a twelve month high of $25.03. The stock has a fifty day simple moving average of $23.48 and a 200 day simple moving average of $20.59.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. The company had revenue of $600.88 million during the quarter, compared to analysts’ expectations of $565.93 million. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. During the same quarter in the prior year, the firm posted $0.16 earnings per share. Research analysts expect that Blue Owl Capital Inc. will post 0.78 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were given a $0.18 dividend. The ex-dividend date was Monday, November 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.07%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 423.55%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Oppenheimer raised their price objective on Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Evercore ISI lifted their price target on shares of Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. JMP Securities reiterated a “market outperform” rating and set a $27.00 price objective on shares of Blue Owl Capital in a research report on Wednesday, December 4th. Piper Sandler raised their target price on shares of Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Blue Owl Capital presently has an average rating of “Moderate Buy” and an average price target of $24.77.

About Blue Owl Capital

Blue Owl Capital Inc operates as an asset manager in the United States. The company offers permanent capital base solutions that enables it to offer holistic framework of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. It also provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; liquid credit; GP strategic capital products, which offers capital solutions, including GP minority stakes, GP debt financing, and professional sports minority stakes; and real estate products that focuses on acquiring triple net lease real estate by investment grade or creditworthy tenants.